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PBR » Topics » Indemnification of Officers and Directors

This excerpt taken from the PBR 20-F filed Jun 30, 2005.

Indemnification of Officers and Directors

 

Our bylaws require us to defend our senior management in administrative and legal proceedings and to maintain insurance coverage to protect senior management from liability arising from the performance of their functions. Subject to certain limitations, the policy reimburses losses and expenses due to wrongful acts of our directors and officers, such as breach of duty, neglect, error, misstatement, misleading statements, omission or acts by our directors and officers in the performance of their position, or any matter claimed against them solely by reason of their functions or positions, including the purchase or sale of our securities. Coverage includes the advancement of defense costs.

 

"Indemnification of Officers and Directors" elsewhere:

CPFL Energy INC (CPL)
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